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NO Liquidity Pools.
NO OrderBooks.
NO Oracle Based Trading.
NO Infinite Slippage.
NO pre locked Liquidity.
These Markets are 100% economically sound, Based & Intent-pilled.
Alice (PartyA) posts an Intent to
the contract (1 BTC Long),
Bob (PartyB) claims the Intent,
therefore opens a countertrade (1 BTC Short).
Both sides lock collateral and,
are immutably bound into the trade.
3 Party Liquidators are now observing their position to ensure they are solvent at all times.
Creating permissionless onchain derivatives in the process.
Trade more on based.markets
Earn more $BASED
more fees
=
more $BASED price
More trading generates more fees